Since 2009 the IMF's Exchange Rate Regime Classification System Uses

question 48

Multiple Choice

Since 2009 the IMF's exchange rate regime classification system uses a "de facto classification" methodology. Under this system, countries with "fixed exchange rates" are considered to have:

• A) a residual agreement.
• B) soft pegs.
• C) hard pegs.
• D) floating arrangements.

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Definitions:

Limited Liability Company (LLC)

A corporate format that unites the direct taxation system of sole proprietorships or partnerships with the advantage of limited legal responsibility typical of corporations.

Authorized to Issue

Having the official power or permission to give out or distribute something, such as shares or licenses.

Franchisor

A business entity that grants a license to an individual or group enabling them to operate a business under the franchisor's trademark, name, and business model.

Negligently

Acting with a lack of care or attention expected under the circumstances, often resulting in harm or damage.